News
Richemont, Signet in talks to join De Beers consortium – report
Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.
Yesterday
Rio Tinto begins Q4 of 2026 with strong operational performance
The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.
Yesterday
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
Yesterday
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
Yesterday
Norilsk hosts Nornickel’s 3rd Geology and Mine Surveying Forum
The 3rd Geology and Mine Surveying Forum, organized by Nornickel, has kicked off in Norilsk. The event continues to grow in scope, this year bringing together representatives from universities, equipment suppliers, design teams, mining companies, and...
Yesterday
Is the Burmese ruby the new blood diamond?
04 april 2018
(thenational.ae) - “Is your jewellery funding genocide?” There’s a hard-hitting headline, if ever there was one. It was followed by 900-plus words penned by a representative of SumOfUs, a watchdog organisation that launches online campaigns to hold corporations accountable on issues such as climate change, and human and animal rights. The piece, which was published in December last year, argues that luxury brands must stop dealing in gems from Myanmar – the Southeast Asian country known for its high-quality rubies. The reason? Funds from the mining industry are, in part, controlled by and distributed to the country’s military, which has been accused of committing horrific atrocities against the country’s Muslim minority – crimes that the United Nations has gone on record to call “a textbook example of ethnic cleansing”.
Millennials are buying diamonds, it turns out
03 april 2018
(ft.com) - Sitting in her studio in central Berlin, the fine jeweller Lilian Von Trapp is poring over sketches for her new collection. On her desk, she is surrounded by multi-chain diamond necklaces and stackable bangles — new designs for spring/summer 2018. Prices for individual pieces reach €2,500 and, perhaps surprisingly, half of Von Trapp’s customers are millennials. Millennials are said to be the experience generation — 78 per cent prefer to spend on experiences rather than possessions, according to a 2017 survey conducted by the Harris Group. But new research by MVI Marketing has found that luxury brands like Cartier and Tiffany & Co are among a millennials’ favourite when buying jewellery. And in a 2017 report, miner De Beers attributed a surge in diamonds’ popularity to the millennial, self-gifting consumer. (Demand exceeded $40bn for the first time in America — an increase of 4.4 per cent.) In fact, across important markets including the US, China and India, millennials represent 45 per cent of all diamond purchases, according to De Beers.
Not All Diamonds Are the Same
02 april 2018
(ehudlaniado.com) - In a recent article we discussed price correlation – and the lack thereof – between various investment channels and diamonds. In it, we looked at diamonds in general – from very small to very large, in a full range of colors and clarities. To date, there is no way to invest in a wide group of diamonds in the same way as investing in biotech firms or a NASDAQ tracking fund. An investor is more likely to invest in a very narrow collection of diamonds or just a single diamond and, therefore, it is worth looking at the differences in performance of specific diamond categories.
The How and Why of Third Carat Price Increases
30 march 2018
(ehudlaniado.com) - Polished diamond prices improved in February, inching up 0.08%, according to the Mercury Diamond Global Tracker™ (MDGT™). However the small overall rise actually hid a significant rise in prices of smaller goods, specifically thirds – round polished diamonds weighing 0.30-0.39 carats. Prices for this size range did not simply increase, they rose at a rate the diamond industry has not seen in some time.
Common Sense Prevails As Antwerp Bodies Join Forces
29 march 2018
(idexonline.com) - The decision by the Antwerp World Diamond Centre (AWDC) to become a Main Partner for the 2018 edition of the CARAT+ show, along with the participation of the Federation of Belgian Diamond Bourses (FDBD), is clearly a victory for common sense. The financial case, I imagine, was also pretty significant for the organizers of the former Antwerp Diamond Trade Fair (ADTF), given the growing desire among exhibitors at the ADTF for a change in the format, for the creation of a show in a major hall in the city – rather than in the bourses – and, frankly, for more value for money.
